Author: oluchi

In May 2025, Coinbase, the largest American-based cryptocurrency exchange, experienced a security breach that led to the compromise of sensitive customer data and brought to attention critical vulnerabilities in crypto security practices. The crypto assets landscape, while innovative and rapidly expanding, faces constantly evolving and sophisticated security threats. Over the years to date, the crypto space has experienced over 1,300 reported hacks and exploits since the first known incident in June 2011, leading to over $19 billion in stolen digital assets. In Q1 of 2025 alone, the crypto space experienced a loss of approximately $1.63 billion, with the Bybit hack…

Coinbase, the largest American cryptocurrency exchange, reported a serious data breach in May 2025. The Coinbase hack included theft of confidential customer data and an extortion attempt. According to CNBC, the entire damages resulting from this hack may cost Coinbase between $180 million and $400 million to fix, according to company estimates. The hack occurred on May 11, when Coinbase received an email from an unknown threat actor claiming to have obtained information about certain Coinbase customer accounts and internal Coinbase documentation, which included materials regarding its customer service and account management systems. The threat actor further demanded a ransom…

On May 12, Saudi Arabia’s Crown Prince Mohammed bin Salman unveiled a significant step in its technological evolution with the launch of “Humain,” a state-backed artificial intelligence company, a subsidiary of the Public Investment Fund (PIF). Saudi Arabia is currently in the process of its economic diversification goals through its Vision 2030, as the country is working towards reducing reliance on its oil sector. Its new project, “Humain,” is one of its major projects in its Vision 2030 goals to position Saudi Arabia as a global leader in AI innovation and infrastructure. Humain is chaired by Crown Prince Mohammed bin…

The US tech stock market has experienced a significant rebound following the joint announcement made during the US-China economic and trade meeting that took place on May 12 in Geneva. The meeting was to address the trade tensions between both countries that started on April 2, following Trump’s Liberation Day tariff announcements. The aftermath of the liberation day tariffs was followed by a volatile stock market due to investors and businesses hesitating to pursue new endeavors or continue existing ones. The tariff hike was particularly aggressive to China, as a tariff of 145% was placed on imports from China by…

Chinese EV manufacturers are rapidly capturing global attention with their display of new EV models at the Shanghai auto show, which took place from April 23 to May 2, 2025. The race is on to challenge Tesla’s supremacy in the global EV market. Leading EV makers like BYD, Xpeng, and Nio are tipping the scales against Tesla’s expensive luxury cars in the EV race in terms of affordability, and technological advancements. Let’s look at major highlights from the Shanghai auto show. BYD Yangwang U8L & U8 U8L, the luxury version of the Yangwang U8 off-road SUV features a three-row, six-seat…

In current events following the implementation of Trump’s trade policies, the semiconductor industry is facing challenges because of disruption in the supply chain, increased operational costs, export restrictions, and geopolitical tensions. Economic and Market Repercussions The first point of impact was the stock market, which had a tremendous impact on two of the biggest semiconductor rivals in the market, Nvidia and AMD (Advanced Micro Devices Inc.), both tumbling over 6% in early trading on April 16th. Nvidia has estimated a $5.5 billion loss in its first quarter after being informed on April 9th of export license requirements due to the…

In a significant turn of events for the tech industry, Trump’s administration has excluded smartphones, computers, and other electronics from its proposed reciprocal tariffs. The decision not only shields consumers from price shocks but also significantly benefits tech giants like Apple, which rely on China and other Asian countries for the manufacturing and assembly of their products. Earlier in April, Trump imposed a 145% tariff on products from China and a 10% global tariff rate. However, on April 11, they exempted electronic devices and components, including semiconductors, solar cells, flat panel TV displays, flash drives, and memory cards. A 20%…

Huawei has taken the role of filling the void left by Nvidia’s H20, following the U.S. export restriction placed on chips supplied to China by introducing its next-generation Ascend 920 chip. The Ascend 920 was unveiled shortly after U.S. export restrictions on Nvidia for H20 chips to China, which led to Nvidia losing ground in the Chinese AI market and giving room for other alternatives and competition to grow. Ascend 920 was built as a logical alternative for the Nvidia chip H20 and serves as a solid entry for this tech giant to gain footing in the AI market. Huawei…

Nvidia, a well-known giant in the artificial intelligence chip industry, finds itself ensnared in the epicenter of the trade tensions between China and the U.S. Nvidia’s H20 GPU AI chip has become a focal point in the strategic rivalry in the geopolitical struggle for technology supremacy. On the 17th of April, Jensen Huang, Nvidia’s chief executive, flew to China’s capital city, Beijing, to meet high-ranking government officials shortly after export control was imposed on its chips by the U.S. government. The export control imposed by the U.S. Commerce Department requires the company to obtain a license to export the H20…

Dell Technologies, a titan in the PC industry, announced in January 2025 its intent for rebranding by eliminating its well-known traditional PC names for simpler and more generic identifiers. The company’s resolution for the year 2025 stands to “reset its entire brand identity.” The motivation for Dell’s rebrand lies in its need to attract newcomers to the Dell family by simplifying their buying decisions when choosing products. The rebranding process may, however, confuse its existing customer base, as they will need to get acclimated to the new changes. What to Expect? All previous brands are incorporated into the three main…